Goldman Sachs employees create scholarship fund

Four Boston College alumni who hold executive positions at the investment banking firm Goldman Sachs have launched an innovative giving program: a company-based scholarship fund. "Many of us at Goldman Sachs feel that our Boston College educations have contributed substantially to our professional success," said BC Trustee John Powers '73, one of the idea's originators. "We want to give something back to the University, and by pooling our resources we'll be able to make a high-profile gift that we hope will inspire others."

David Mastrocola '83, Chip Seelig '77, Vic Simone '76, and Powers created the Goldman Sachs Alumni Scholarship Program, which provides need-based aid to qualified students, after hearing President William P. Leahy, SJ, speak about the need for scholarship support. They decided to appeal to the 100 BC graduates who work at the company, with a goal of raising $1 million. "We're appealing to our colleagues' loyalty to both their alma mater and their employer," Seelig said. The program asks for a five-year pledge of any amount, to be credited toward the Ever to Excel Campaign. Pledges totaling $100,000 or more entitle the donor to name a separate endowed fund within the Scholarship Program.

"I'm proud of the number of BC alumni who are also doing great work at Goldman Sachs," said Mastrocola. "This scholarship program is a good way to strengthen our connections with one another and with the University." And, Simone adds, "We hope it will motivate other alumni who work together to start similar funds at their institutions."

Photo: Representing BC's Goldman Sachs connection are (front row, from left) David Mastrocola '83, John Powers '73, Daniel Holland '79; (second row) Trish Geery '94, Jennifer Ryan '94, Janice Collein '00, Ana Escalona MSF '00, Marlene Carvajal '00, Marielle Sack '99, Kimberly Youngquist '00, Karen Chen '97, Kathleen Redgate '86, Christine Serfin '97; (third row) Thomas Marx '96, Bill Karpowic '88, Patrick Lawler '93, Tom Hollenberg '00, Todd Lusk '97, Keith Wargo '90, Kevin Davey '89, Gil Childers JD '81, Richard Van Horn '86, Chris Gaeta '95, Charles Croney '92, Andrew Pena '99; (fourth row) Wade Saadi '99, John Keenan '90, Brad Caswell JD '96, Paul St. Pierre '89, Ted Furrey '69, John McGuire '91, Kevin Kelly '00, Kane Brenan '91, Adam Karol '00, and Marco Frigeri '95.

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